By Commodity News Service Canada
Winnipeg, May 6 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Friday, May 6.
– Old crop Canadian lentil supplies are getting very tight, with only 416,000 tonnes left on farm and in commercial hands as of March 31, 2016, according to Statistics Canada data released on Friday. That marks the tightest lentil supplies at that date in six years, and compares with 1.16 million tonnes at the same point the previous year.
– Canadian pea stocks are also tightening, with StatsCan reporting supplies of 1.24 million tonnes as of March 31. That compares with 1.73 million at the same point in 2015.
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– Canada exported only 1,100 tonnes of peas and 200 tonnes of lentils during the week ended May 1, according to weekly Canadian Grain Commission data.
– Dry weather in India and nearby countries – including Pakistan and Nepal – remains at the forefront of the global pulse market with production concerns in the region likely to keep demand solid at least through the next year, according to reports.
– Warm and dry conditions are allowing Western Canadian farmers to make good progress seeding this year’s crops, with peas and lentils some of the first to go in the ground. However, timely rains will be needed later in the growing season and traders will be following the moisture situation closely, as world buyers are counting on a large Canadian crop this year.
– Green pea prices in the C$9.00 to C$10.15 per bushel range are being reported in Western Canada. Meanwhile, top end yellow peas are going for as much as C$12.50 per bushel in some locations. Red lentil bids of 52 cents per pound are now being reported in some locations. Meanwhile, number two large green lentils are hitting prices as high as 75 cents and number ones have topped 80 cents at some locations.
– Chickpea prices in Western Canada also remain strong, with large caliber Kabuli’s trading as high as 56 cents per pound.
